NOT everybody was at Palm Beach —and Kennedy was not the only U.S. political leader having thoughts. During the Washington dog days before the opening of Congress, New York Times Correspondent Felix Belair Jr. wandered up to Gettysburg, talked to Dwight Eisenhower, and came away with quite a story. Upon leaving the White House, Ike had vowed to devote much of his post-presidential retirement to applying the lessons of his experience to the nation's problems. Now he was ready with some warnings—and some specific proposals.

Federal Spending. Mounting budget deficits, Eisenhower believes, are "the biggest single threat to our democratic way of...

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